Oscar Wilde. Irish Poet, wit and dramatist (1854 – 1900)
“One man”s meat is another man”s poison.” Old proverb
4. “Benefit” is when some perceived value is actually produced by, a defined System.
5. Value is relative to a Stakeholder: it is not absolute.
6. Product-Value, for example, is stated in terms of the objective Level of “how well” a System performs, irrespective of how this Level is appreciated by any Stakeholders. Some defined Levels of Product-Value only have a value to some Stakeholders. The same is true for all Attributes.
8. Value perception can related to any time, Past, present or future.
“Nowadays, people know the Cost of everything
and the value of nothing.”
Keyed-Icons+> “adds value to”
Value [Goal, At Release] +> Early Sales +> Market Share +> Annual Revenue.
A Value-Chain: The benefit of reaching the specified Goal is indicated as a series of added value Impacts (“+>“) to different performance indicators. We value the 30,000 hours MTBF (mean time between failure) for the ultimate benefit we expect to get from Annual Revenue/
This Concept entered by Adore.
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